GSJY vs QQQ
Goldman Sachs ActiveBeta Japan Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GSJY offers more diversification with 157 holdings.
Side-by-Side Comparison
| Metric | GSJY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $89M | $496.3B | |
| Dividend Yield | 2.05% | 0.44% | |
| Holdings | 157 | 108 | |
| YTD Return | +17.42% | +16.64% | |
| 1Y Return | +25.98% | +27.27% | |
| 3Y Return (annualized) | +20.12% | +25.96% | |
| 5Y Return (annualized) | +9.89% | +14.54% | |
| Volatility (annualized) | 13.2% | 30.6% | |
| Max Drawdown | -32.6% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 2, 2016 | Mar 10, 1999 |
GSJY vs QQQ Performance
Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) is a ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GSJY returned +25.98% while QQQ returned +27.27%. Year to date, GSJY is up 17.42% versus a gain of 16.64% for QQQ.
Over three years, GSJY compounded at +20.12% per year against +25.96% for QQQ; over five years the annualized figures are +9.89% and +14.54% respectively. Across the full 11-year window we track, QQQ has the edge at +13.03% annualized vs +8.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.2% for GSJY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.6% for GSJY and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GSJY charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, GSJY currently yields 2.05% against 0.44% for QQQ.
Holdings Overlap
GSJY and QQQ share 0 holdings out of 255 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GSJY or QQQ?
GSJY has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, GSJY or QQQ?
Over the past year GSJY returned +25.98% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), GSJY annualized +8.20% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GSJY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.2% for GSJY. Worst drawdown: GSJY -32.6% vs QQQ -83.0%.
Should I hold both GSJY and QQQ?
GSJY and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSJY and QQQ?
GSJY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 255 unique securities.
Which pays a higher dividend, GSJY or QQQ?
GSJY yields 2.05% while QQQ yields 0.44%, so GSJY currently pays the higher dividend yield.
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